The U.K. Takeover Panel extended the deadline Wednesday for Kraft Foods (NYSE: KFT) and its hostile bid for Cadbury PLC (NYSE: CBY) to allow the company disclose new information about the deal.
Kraft, which made a $16 billion cash and shares offer for the British candy maker, previously faced a Jan. 12 deadline. However, the panel extended it three days to Jan. 15 in order for Kraft to report their estimated 2009 results.
Penny Stock Professor, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Penny Stock Picks.
However, two deadlines remain for Kraft. The company still has until Jan. 19 to revise its bid for Cadbury and it has until Feb. 2 to get acceptance of its offer from majority shareholders.
Follow us on Twitter: http://www.twitter.com/pennystockspro
Sign up for the free Penny Stock Professor newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
About Us
Penny Stock Professor is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer.
